24 Mallard Ct #2CrossvilleTN38572
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Crossville at 24 Mallard Ct #2, Crossville, TN, 38572 generates $2,040/mo in rent and, after a $1,407/mo payment, leaves $319/mo in cash flow. Total monthly income is $2,040/mo, and annual cash flow is $3,830/yr on $95,306 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 8.51% on a $287,500 entry. Equity gained on principal adds $1,855/yr, while 5% annual appreciation builds toward $79,431 over five years. Five-year ROI reaches 124.16% and total cumulative return in cash sums $118,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.
Condo
Built in 2007
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38572, Crossville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,908 (100%) |
| Owner Occupied HU | 5,193 (75.2%) |
| Renter Occupied HU | 704 (10.2%) |
| Vacant Housing Units | 1,011 (14.6%) |
| Median Home Value | $272,701 |
| Average Home Value | $312,209 |
Housing Distribution
Address Breakdown
Residential
6,691
Single Family
6,642
Multi-Family
49
Businesses
128
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Listed by: Kris Burk • Third Tennessee Realty and Associates LLC
Mls Name: East Tennessee Realtors
Mls ID: #1323768